Dow Jones opens higher as oil rally cools despite US-Iran war
US markets opened higher Wednesday. The Dow rose 180 points, S&P 500 gained 0.3%, and Nasdaq advanced 0.5%. Oil prices eased after Scott Bessent’s comments on crude flow.
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HDFC Mutual Fund pares stake in Sundram Fasteners via ₹358 crore bulk deals
HDFC Mutual Fund sold a 2% stake in Sundram Fasteners for ₹358 crore through bulk deals on NSE and BSE; the stock hit a 52-week low on Wednesday.
ICRA upgrades Vodafone Idea’s loan rating to ‘BBB’, outlook raised to positive
ICRA Ltd upgraded Vodafone Idea Ltd’s credit rating to ‘BBB’ from ‘BBB-’ and revised the outlook to ‘positive’ due to regulatory clarity on AGR dues and promoter support.
Cyient JV with HAL faces liquidation as NCLT orders wind-up
Cyient Limited announced NCLT Bengaluru ordered liquidation of Infotech HAL Limited, a joint venture with HAL. Cyient reported mixed Q3 results with a 28% net profit drop.
Bharat Forge board approves ₹800 crore unsecured rupee term loan
Shares of Bharat Forge Ltd ended at ₹1,841.70, down by ₹38.55, or 2.05%, on the BSE.
Polycab India faces ₹327 crore tax demand for AY25; to seek rectification and file appeal
Shares of Polycab India Ltd ended at ₹8,274.50, down by ₹273.90, or 3.20%, on the BSE.
GE Shipping expands fleet with new vessel buy
GE Shipping is acquiring a secondhand Kamsarmax dry bulk carrier, expanding its fleet to 41 vessels.
DEG, Citi provide $76 milion to Shriram Finance for MSMEs, EVs, rural lending
DEG and Citi provided $76M to Shriram Finance for economic inclusion, rural development, and climate mobility in India. DEG aids MSMEs, EVs, women, and underserved areas. Citi supports farmers.
BSE receives SEBI approval to launch derivative contracts on BSE SENSEX Next 30 Index
Shares of BSE Limited ended at ₹2,635.90, down by ₹7.70, or 0.29%, on the NSE.
Supreme Court orders CBI investigation into DLF’s Gurgaon project; shares fall nearly 4%
The Supreme Court of India has ordered a CBI probe into alleged irregularities in the Primus DLF Garden City project after homebuyers’ petitions about delays and lack of utilities.